George Osborne has revealed that the Govenment have dedicated £50 billion to provide finance for projects that may have been shelved due to lack of funds in an effort to stimulate growth in the UK.

These initiatives have to commence in the next twelve months and the Government will fund part of the overall project at commercial rates, providing it will contribute to growth in the UK.

The Government has also promised £5 billion to stimulate export markets later in the year